According to ChainCatcher, according to Coinglass data, the current mainstream CEX and DEX funding rates show that the market remains divided, with bearish and neutral coexisting. The specific mainstream currency funding rates are shown in the attached figure.
It is reported that the funding rate (Funding rates) is a rate set by the cryptocurrency trading platform to maintain the balance between the contract price and the price of the underlying asset, which is usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or benefit of traders holding contracts to keep the contract price close to the price of the underlying asset.
When the funding rate is 0.01%, it indicates the base rate. When the funding rate is greater than 0.01%, it means that the market is generally bullish. When the funding rate is less than 0.005%, it means that the market is generally bearish.